Ann: High grade drill results from Stinger incl 1, page-7

re: Ann: High grade drill results from Stinge... Read the last Activities Report, imminent results from Mauritania ...

"Tijirit Gold Project, Mauritania
The Company?s maiden 30,000 metre RC/DD drill campaign has now been completed on the property testing the company?s first 5 target areas and drill results are anticipated during the December quarter 2012. A geochemical auger programme has also commenced over the Tijirit Project area.

About Mauritania and the Tijirit Gold Project

Mauritania is a major province for gold, copper and iron ore and has significant operating mines including the world-class Tasiast gold mine.
The 100% owned Tijirit Gold Project is located in North- west Mauritania and covers approximately 1,400 square kilometres of contiguous exploration licenses. It is located just 10 kilometres from the 21Moz Tasiast Gold Mine (Kinross Mining).

Historical first pass drill results (undertaken by Shield Mining Ltd) include 6m @ 17.63g/t from 10m, 6m @ 10.47g/t from 16m and 2m @ 24.90g/t from 56m. The majority of this drilling is to a vertical depth of less than 50m and has in places intersected broad mineralised halos in excess of 150m wide.

Akjoujt Copper/Gold Project, Mauritania
Preparations for a diamond drill campaign continued during the quarter and surface gravity, geophysical surveying, soil geochemical sampling and geological mapping was also undertaken.

The 100% owned Akjoujt Copper/Gold Project is located 30 kilometres to the west of the Guelb Moghrein copper/gold mine operated by First Quantum Minerals Ltd. The project area covers approximately 750 square kilometres of contiguous exploration license area.

Saboussiri Copper/Gold Project, Mauritania
Geological reviews were undertaken during the quarter.
The Saboussiri Copper/Gold Project (60% Gryphon) is located in Southern Mauritania and covers approximately 1,000 square kilometres of continuous exploration licenses."

Proving up Banfore and getting this into production is quite rightly GRY's number 1 focus.

Blue sky potential from Mauritania remains depending on results, which as stated above are imminent. Patience!

TImbogold